FIGR, Inc. Partners With Colliers Project Leaders for Ontario Facility Expansion

Published: April 30, 2019

FIGR, Inc. Partners With Colliers Project Leaders for Ontario Facility Expansion

FIGR, Inc., a vertically-integrated legal cannabis company, is pleased to announce today the retention of Colliers Project Leaders, a Canadian headquartered strategic project leadership organization, to lead the expansion of its FIGR Norfolk facility (licensed as Goldleaf Pharm, Inc.) in Simcoe, Ontario. The substantial expansion—designed to follow European Union good manufacturing practices (GMP)—will transform the existing 20,000 square foot complex to approximately 800,000 square feet to accommodate additional growing space and processing facilities.

“Colliers will provide FIGR with full project management services and help us achieve our growth objectives,” said Harvey Carroll, President of FIGR, Inc. “As a Canadian company, they bring a robust understanding of the local construction market and familiarity with municipal requirements. We know we’ve chosen a partner who cares about and understands being local, just as much as we do. Their expertise will also help us achieve our goals with speed and quality in mind.”

“Colliers’ cannabis facility portfolio demonstrates our extensive knowledge of the technical requirements needed to drive performance and demand quality control at every step of the process. Our in-house professionals understand the requirements unique to the cannabis industry and deliver results with cost and schedule certainty,” said Gary Stanhope, Senior Vice President at Colliers Project Leaders.

FIGR expects to break ground on the Norfolk facility expansion within the next 60 days (subject to government approval), with an anticipated completion date in 2021. The FIGR Norfolk expansion, together with the company’s buildout of its Charlottetown, Prince Edward Island facility, will increase FIGR’s total production capacity potential to more than 140,000 kg per year. Additionally, FIGR’s total footprint will grow to more than 1.1 million square feet upon completion of both facilities’ buildouts.